Draft 2018 1040 Form

Prior to our client meetings, we send out a brief questionnaire to understand what we can prepare in advance to assure our time together is valuable. In a recent questionnaire, a client asked a great question, “How will the latest tax reform bill impact my 2018 return?”

During lunch with a CPA last week, I learned that she and her team are still awaiting final direction on many of the changes and new provisions. While it’s true that the legislation around this bill was passed back in December, the nuances of how it will play out are still cloudy. Just 3 days ago, a sample of the 2018 1040 form was released (along with a lot of qualifiers, caveats and emphasis on the fact that it is a draft). While it doesn’t give a lot of insight, it does give you some glimpse into the efforts to simplify filing. You can check out the draft by clicking here.

Author: Brenna Baucum

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